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Egypt recommended to British tourists

Date : (News Section: Egypt)


British consumers who want to avoid the eurozone this year have been advised to visit Egypt.

The north African country was flagged up by the Guardian as a possible destination for holidaymakers who wish to take advantage of more favourable exchange rates.

Since the current weakness of the pound against the euro has led to traditional hotspots such as Spain becoming more expensive, the newspaper believes Egypt could be a good alternative for prudent tourists.

The publication added that visiting a cheaper destination means that those who are feeling the pinch of the credit crisis will not have to cancel their annual summer break.

"Sterling still converts nicely," the Guardian commented.

"Perhaps rather than calling the whole thing off, now is the time to experiment."

This comes after research by showed that interest in the Egyptian resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago.

The current weakness of the pound against the euro was cited as one of the main reasons for this increase.


Article by +Steve Binge on behalf of

Read More

  1. 13 November 2013 - Progressive taxation rejected in Egypt
  2. 28 October 2013 - Effects of Egyptian political crisis on property remain unclear
  3. 04 October 2013 - Residential Egyptian property to be investor 'bread and butter'
  4. 18 September 2013 - Egyptian real estate still capable of growth
  5. 05 August 2013 - Is Egypt running out of development land?

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